Time to introduce Feathercoin to public is now, not after it makes headlines again
-
Your style somewhat reminds me of Finnegans Wake, but with substance, so I will answer in seriousness.
The diode metaphor is good. We have a deflationary coin looking mostly inflationary. People try to get rich quick, and block the road together. The only point the diode metaphor doesn’t capture is the danger of big holders hostile to the coin.
A diode can be defeated by brute force. I thus initially proposed to use the BDFL’s authority to instamine a bag huge enough to stabilize the rise. I proposed to bless the ACP white mint and call the instamine its reward. Bush rejected this monstrosity, which I understand. But it would work.
Now I’m proposing something which may work even better: to short-circuit the diode locally and make a hot spot that burns it out as it happens to real diodes.
To be “localized”, to avoid struggling with all the coins at once, the market will need daily buy/sell limits, and it will have to be white to make the limits enforceable. That isn’t a monstrosity, every market has rules. Inside, we the coin hoarders could pool sufficiently big bag to stabilize the rise under given trading limits.
Fortunately, they will have to part with it at some point to the free wild market to pay for said “coke n hookers”?
Normal traders would be encouraged to prioritize personal gratification. That’s how capitalism works. And that’s how the bad guys don’t get advantage over the good guys in an environment where we are unable to reward the good and punish the bad.
The only group of which a specific spending behavior would be hoped for would be the tech angel investors, advantaged by higher trading limits. They would necessarily have to be screened (because we need to somehow define who is a tech angel), but their spending decisions would never be judged. And we would see if forensic science is developed enough to screen them well.
The idea of the people you’re contacting are pretty cool, though I haven’t really given it much thought on the choice of avenue of subjects…
This is a numbers game. I am also contacting them to verbalize my thoughts, and to justify me occupying the soapbox by calling upon my betters. Maybe they’ll respond when Bush writes them directly.
… would I be wrong in “assuming” you would like to see crypto “recognised” officially in the scientific community…
Officially? After 2 millenia, there is still no royal road to mathematics. Decentralized currencies are instantly recognized by any mathematician who reads Nakamoto’s paper.
I’m just calling upon problem solvers. Cops, psychopath exorcists, futures scientist who presaged decentralized currencies… That kind of guys. We’ll need industrial psychologists to screen the angels, we’ll need cyber cops to guard cryptonit or any other place where the white market is. It will get very hot there. I feel safe doing it now while the price is low.
Tech angels will get VIP treatment in the white market, but we’ll also have to hurry on them.
-
Btw. with industrial psychologists in place, I would dare to call Sunny King for an offline meeting. There is a chance he is either normal, or grandiose enough to work with.
-
There’s one group everyone seems to keep overlooking…
The poor!In my earlier instamine proposal, I proposed a latecomer fund, that would cover the poor. In the newer white market proposal, we’ll have to divert part of the income from the stabilizer to create the latecomer fund.
-
I get the metaphor, yeah, it makes sense…but…
When you force electricity it gets hot and current breaks things. I understand the white market is an “alternative flow”. Parallel circuits, “force” is such a three dimensional act, it’s a weak energy and resistance is great. Was never a great believer in series circuits, always got myself in trouble looking at parallels, series also create greater potential for more downtime. There’s more to lose in series, it’s harder to instantly identify the problem and to “redirect the flow”. Series is a dead circuit if one component is out of whack, there isn’t the same options for a “fix”?
The diode is the blockchain, what you’re looking to do now, is add resistors, even out the flow?
The “instamine” I understand the concept, I just can’t see a way to do that without punishing those of us already using Feathercoin as our “money”, that’s an interesting one. It contravenes the entire premise of “integrity” in the blockchain for me, so I’d keep looking for other routes, not give up on it, because it’s a very valid idea, but it’s a very precarious balancing act to pull that one off without people falling over the edge.
My point would be…
Nurturing, caring, taking many routes to the same goal would provide many more options along a parallel circuit, though it is harder to keep an eye on. A larger current will negate a weaker one in the opposite direction, but only for a while, till it overheats and breaks the circuit. The more options people have, the more likely they’ll find one that suits them, there’s no idea, which is a bad idea, only how it’s implemented. I am a lazy human being, path of least resistance, if there is only a “series circuit” why should I even care to do what someone else wants, I’ll dump what I have and go elsewhere. I recognise the need to share the burden equally over the entire “board”, reduce stress and increase longevity are the most obvious reasons to me.
The “white market” idea (I’d need to go back and read again right now, just awake) but for now, it’s not the content I’m seeing. It’s another track on the parallel, I get it, but I often enjoying deliberately swimming the wrong way, just for Lulz, I have no way back with a diode, especially if I decide it’s not the circuit I thought it was. It requires different methods of maintenance.
I’m not saying your ideas are bad, the opposite, just trying to see, if we could “soften the edges” of the box. It was humans that said “a box is square”
I see the same 4-5 people replying to all this, there are loads of clever people on this forums, surely if it’s constructive, why should any point be called “invalid”? Panoramix is bursting with idea energy atm. Help the man!!..sheesh
I don’t have any answers, but maybe somewhere in this gibberish, it might poke one of you with a solution?..
Oh you lot should be so lucky!! :P
-
Report closed. Flobdeth has not broken any forum rules.
-
Right, so can we channel our energy towards something positive. :)
-
Let’s start talking to http://cryptonit.net about the white market. We won’t build our own exchange in time for the pump. I hope cryptonit will say yes, so Bush can go to the economic cops next.
+1
-
-
Is it just me? I’m unable to view pictures in my browser.
-
I can see all the pictures, no problems at my end
-
I couldn’t see mirraxs image but I opened it in a new tab and it was fine. :)
-
cant see it here
-
I meant long hold…open image in new tab. (On mobile)
-
I can view it in a new tab, but not on the forum page.
